How to Apply for an IPO in Kotak Neo
One of India's oldest stock broking companies, offering full-fledged investment services across asset classes through a single-login platform.
IPO investing with Kotak Neo
Kotak Neo customers can apply for mainboard IPOs online at no extra charge, using either the in-app UPI route or their bank's ASBA net-banking facility. You only pay brokerage and statutory charges when you later sell the allotted shares.
| Facility | Available |
|---|---|
| IPO application through the app/website | ✔ Yes |
Apply for an IPO using UPI (in-app)
Log in to the Kotak Neo app or website and open the IPO section.
Choose an open IPO and tap Apply.
Enter your UPI ID, investor type, quantity and price (tick the cut-off price for retail).
Submit the bid — a UPI mandate arrives in your UPI app within two hours.
Approve the mandate in your bank/BHIM app; the amount is blocked, not debited, until allotment.
Apply using ASBA net banking
Log in to your bank's net banking and open the IPO/ASBA section.
Select the IPO and enter your Kotak Neo demat account number (BO ID).
Enter investor type, quantity and price, then confirm — the amount is blocked until allotment.
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